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Ref: AG19MLSC1280406
Property marketed by Spain Property Shop S.L
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Situated in a peaceful urbanisation in La Siesta, Torrevieja, this 2-bedroom, 1-bathroom penthouse apartment offers a fantastic opportunity to create your ideal home in the sun. Full of potential and ready for renovation, the property is perfect for buyers looking to add their own style and value in a highly convenient location.The apartment features a private solarium, ideal for enjoying the Mediterranean climate, sunbathing, relaxing, or creating a beautiful outdoor entertaining space with views across the surrounding area.Located within walking distance to a great selection of bars, restaurants, shops, and local amenities, the property also benefits from close proximity to the famous salt lakes of Torrevieja, known for their beautiful natural surroundings and healthy microclimate.Set in a quiet and established residential area, this is an excellent opportunity for investors, holiday home buyers, or anyone seeking a renovation project with huge potential on the Costa Blanca.
Property Features
- 2 bedrooms
- 1 bathroom
- 52m² Build size
- Parking, Uncovered
Costing Breakdown
Standard form of payment
Reservation deposit
3,000€
Remainder of deposit to 10%
10,690€
Final Payment of 90% on completion
123,210€
Property Purchase Expenses
Property price
136,900€
Transfer tax 8%
10,952€
Notary fees (approx)
600€
Land registry fees (approx)
600€
Legal fees (approx)
1,500€
* Transfer tax is based on the sale value or the cadastral value whichever is the highest.
** The information above is displayed as a guide only.
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Spanish Property News & Updates by Spain Property Portal.com
In Spain, two primary taxes are associated with property purchases: IVA (Value Added Tax) and ITP (Property Transfer Tax). IVA, typically applicable to new constructions, stands at 10% of the property's value. On the other hand, ITP, levied on resale properties, varies between regions but generally ranges from 6% to 10%.
Spain Property Portal is an online platform that has revolutionized the way people buy and sell real estate in Spain.
In Spain, mortgages, known as "hipotecas," are common, and the market has seen significant growth and evolution.



